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Consider the following information for the year 2020. The company expects sales growth to increase by 6% next year. Will the growth in sales require

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Consider the following information for the year 2020. The company expects sales growth to increase by 6% next year. Will the growth in sales require additional external financing? Why or why not? Account 2020 Value Revenue $12 million Costs/Expenses (excluding depreciation) $8 million Depreciation $2 million Interest Payments $0.5 million Tax Payments $0.6 million Payout Ratio 50% Equity (book value) $12 million Assets (book value) $19 million O a. No. The expected growth in sales exceeds the company's sustainable growth rate b. Yes. The expected growth in sales is lower than the company's sustainable growth rate Oc. No. The expected growth in sales is lower than the firm's sustainable growth rate Od. Yes. The expected growth in sales exceeds the company's sustainable growth rate

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